Mar 31, 2014
Dear Members,
The Directors of your Company are pleased to present the Audited
Financial Statements of the Company for the financial year ended on
31 March, 20.
Financial Results
The financial Results of the Company are summarized below:
FINANCIAL RESULT
As at 31st As at 31st
March 2014 March 2014
Profit (Loss) before Tax (5,16,917) (5,27,725)
Provision for Tax - -
Deferred Tax Saving/ (Expense) - -
profit (LOSS) after Tax (5,16,917) (5,27,725)
OPERATIONS
During the period company incurred loss of Rs.5,16,917 primarily become
of no operation.Effort are being made to lnitiate business activity
during the current year.
Dividend
As the company incurred loss during the year, no dividend is proposed
to be declared.
Directors
Mrs. Shiwani Singh, Director of the Company, who is liable to retire by
rotation at the ensuing Annual General Meeting of the Company and being
eligible offer himself for reappointment.
Fixed Deposits
The Company has not accepted any fixed deposits from the Shareholders/
public during the year under review within the meaning of Section 58A
of the Companies Act, 1956.
Auditors
M/s Nidhi Bansal & Co., Statutory Auditors of the Company will retire
at the ensuing Annual General Meeting and being eligible for
re-appointment, you are requested to approve their re-appoint as
statutory Auditors and to fix their remuneration at the forthcoming
Annual General Meeting.
CORPORATE GOVERNANCE
Clause 49 of the Listing Agreement relating to Corporate Governance
does not apply to the Company. -
Auditors'' Report
The Auditors'' Report along with Notes on Accounts are Self-explanatory
and therefore, do not call for any further comments or explanation.
Directors'' Responsibility Statements
Pursuant to the requirement of Section 217(2AA) of the Companies Act,
1956 with respect to Directors'' Responsibility Statements, it is hereby
confirmed:
i) that in preparation of the Annual Accounts for the financial year
ended 31st March, 2014, the applicable accounting standards had been
followed along with proper explanation relating to material departures;
ii) that the directors had selected such accounting policies and
applied them consistently and made judgments and estimates that were
reasonable and prudent so as to give a true and fair view of the state
of affairs of your Company at the end of the financial year and of the
profit of your Company for that period,
iii) that the directors had taken proper and sufficient care for the
maintenance of adequate accounting records in accordance with the
provisions of the Companies Act, 1956 for safeguarding the assets of
the Company and for preventing and detecting fraud and other
irregularities;
iv) that the directors had prepared the Annual Accounts for the
financial year ended 31st March, 2014 on a "going concern basis."
Energy Conservation. Technology Absorption. Foreign Exchange Earning
and Outgo
Information on conservation of energy, technology absorption, foreign
exchange earning and outgo required to be given pursuant to Section
217(1 )(e) of the Companies Act, 1956, read with the Companies
(Disclosures of particulars in the Report of the Board of Directors)
Rules 1988 is mentioned below:
i) Conservation of Energy
Being Finance & Investment Company, this clause is not applicable for
the Company.
ii) Technology Absorption
The prescribed Form-B is not applicable to the Company.
Employees
Employee''s relations continue to be cordial during the year.
Acknowledgements
The Directors wish to record their sincere gratitude for our valued
Business associates for the continuous co-operation, support and
assistance extended by them. We place on record our appreciation of the
commitment, dedication and hard work put in by employees of the
Company. We also thank our members for the continued support received
from them.
By Order of the Board
For Multipurpose Trading and Agencies Ltd.
Place: New Delhi
Date: 25.08.2014
Ashish Singh
DIRECTOR
Din:00066423
r/o B-1, Kalindi
New Delhi-110065
Mar 31, 2012
To The Shareholders of MULTIPURPOSE TRADING AND AGENCIES LIMITED
The Directors have pleasure in presenting their report and the
Statement of Accounts of the company for the period ended on 31st March
2012:
FINANCIAL RESULT
As at 31st As at 31st
March 2012 March 2011
Profit (Loss) before Tax (7,83,671) (2,15,981)
Provision for Tax - -
Deferred Tax Saving/(Expense) - -
Profit (Loss) after Tax (7,83,671) (2,15,981)
OPERATIONS
Company had scanty trading activities during the year. During the year
Company incurred Loss of Rs. 7,83,671 primarily because of very low
operations not sufficient enough to cover the general administrative
costs. Efforts are being made to initiate business activity during the
current year.
DIVIDEND
As the company incurred loss during the year, no dividend is proposed
to be declared.
DIRECTORS
Mr, Ashish Singh, Director of the Company, who is liable to retire by
rotation at the ensuing Annual General Meeting of the Company and being
eligible offer himself for reappointment. Board accepted resignation of
Mr. Manprit Singh, Director and Ms. Shiwani Singh, Additional Director.
CORPORATE GOVERNANCE
Clause 49 of the Listing Agreement relating to Corporate Governance
does not apply to the Company.
AUDITOR''S REPORT
The Auditor''s Report on the accounts for the year ended 31st March
2012 is self explanatory and need no further clarification from your
Directors.
SECRETARIAL COMPLIANCE CERTIFICATE
In terms of the requirements of Section 383A(I) of the Companies Act,
1956, a copy of the Compliance Certificate received from Mr. Deepak
Somaiya, Company Secretary in Whole Time Practice, New Delhi is
attached herewith.
PARTICULARS OF EMPLOYEES UNDER SECTION 217 (2A) OF THE COMPANIES ACT,
1956.
The Company does not have employees to whom the provisions of Section
217 (2A) of the Companies Act, 1956 read with the Companies
(Particulars of Employees) Rules, 1975 apply.
CONSERVATION OF ENERGY, TECHNOLOGY ABSORPTION
In the absence of any manufacturing activity, no details have been
given as required under Section 217 (1) (e) of the Companies Act, 1956
and the Rules framed there under.
FOREIGN EXCHANGE EARNINGS AND OUTGO
During the period under review there has been no inflow or outflow of
Foreign Exchange.
FIXED DEPOSITS
During the period under review, the Company has not accepted any Fixed
deposit from Public in terms of the Companies (Acceptance of Deposits)
Rules, 1975.
DIRECTORS RESPONSIBILITY STATEMENT
In terms of the provisions of Section 217 (2AA) of the Companies Act,
1956 this is to state that:
(i) in the preparation of the annual accounts, the applicable
accounting standards had been followed along with proper explanation
relating to material departures;
(ii) The directors had selected such accounting policies and applied
them consistently and made judgment and estimates that are reasonable
and prudent so as to give a true and fair view of the state of affairs
of the Company at the end of financial year and of the profit or loss
of the Company for that period;
(iii) The directors had taken proper and sufficient care for the
maintenance of adequate accounting records in accordance with the
provisions of this Act for safeguarding the assets of the Company and
for preventing and detecting fraud and other irregularities;
(iv) The directors had prepared the annual accounts on a going concern
basis.
ACKNOWLEDGEMENTS
The Board takes this opportunity to place on record their sincere
appreciation for all round cooperation and support from various stake
holders.
By Order of the Board
For Multipurpose Trading, and Agencies Ltd.
Place: New Delhi
Date: 01.09.2012 Director
Mar 31, 2010
The Directors have pleasure in presenting their report and the
Statement of Accounts of the company for the period ended on 31st March
2010:
FINANCIAL RESULT
As at 31st As at 31st
March 2010 March 2009
Profit (Loss) before Tax (3,41,750) (97,052)
Provision for Tax - -
Deferred Tax Saving/ (Expense) - -
Profit (Loss) after Tax (3,41,750) (97,052)
OPERATIONS
During the period Company incurred Loss of Rs. 3,41,750. Your Company
is exploring the opportunities for diversification in new business
activities.
DIVIDEND
As the company has incurred loss during the year, no dividend is
proposed to be declared.
DIRECTORS
Mr. Ashish Singh, Director of the Company, who is liable to retire by
rotation at the ensuing Annual General Meeting of the Company and being
eligible offer himself for reappointment.
CORPORATE GOVERNANCE
Clause 49 of the Listing Agreement relating to Corporate Governance
does not apply to the Company.
AUDITORS REPORT
The Auditors Report on the accounts for the year ended 31st March 2010
is self explanatory and need no further clarification from your
Directors.
SECRETARIAL COMPLIANCE CERTIFICATE
In terms of the requirements of Section 383A(I) of the Companies
(Amendment) Act, 2000, a copy of the Compliance Certificate received
from Mr. Deepak Somaiya, Company Secretary in Whole Time Practice, New
Delhi is attached herewith.
PARTICULARS OF EMPLOYEES UNDER SECTION 217 (2A) OF THE COMPANIES ACT,
1956.
The Company does not have employees to whom the provisions of Section
217 (2A) of the Companies Act, 1956 read with the Companies
(Particulars of Employees) Rules, 1975 apply.
CONSERVATION OF ENERGY, TECHNOLOGY ABSORPTION
In the absence of any manufacturing and business activity, no details
have been given as required under Section 217 (1) (e) of the Companies
Act, 1956 and the Rules framed there under.
FOREIGN EXCHANGE EARNINGS AND OUTGO
During the period under review there has been no inflow or outflow of
Foreign Exchange.
FIXED DEPOSITS
During the period under review, the Company has not accepted any Fixed
deposit from Public in terms of the Companies (Acceptance of Deposits)
Rules, 1975.
DIRECTORS RESPONSIBILITY STATEMENT
In terms of the provisions of Section 217 (2AA) of the Companies Act,
1956 this is to state that:
(i) in the preparation of the annual accounts, the applicable
accounting standards had been followed along with proper explanation
relating to material departures;
(ii) The directors had selected such accounting policies and applied
them consistently and made judgment and estimates that are reasonable
and prudent so as to give a true and fair view of the state of affairs
of the Company at the end of financial year and of the profit or loss
of the Company for that period;
(iii) The directors had taken proper and sufficient care for the
maintenance of adequate accounting records in accordance with the
provisions of this Act for safeguarding the assets of the Company and
for preventing and detecting fraud and other irregularities;
(iv) The directors had prepared the annual accounts on a going concern
basis.
ACKNOWLEDGEMENTS
The Board takes this opportunity to place on record their sincere
appreciation for all round cooperation and support from its Clients and
Bank.
By Order of the Board
For Multipurpose Trading and Agencies Ltd.
Place: New Delhi
Date: 31.08.2010 Sd/- Sd/-
Director Director